BSE Sensex intraday chart indicates that it had made a bullish breakout as index holds above its golden ratio resistance. And after that index shown sharp bull rally that too with gap up open this indicates bulls are currently active in it.
As long as index holds above its golden ratio bulls will be favored and further bulls action can be seen during market hours. On upper side sensex will find resistance at its previous top as shown in above image.
Its trend indicators are moving in positive zone this will favor bulls.
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